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tv   Markets Now  FOX Business  October 29, 2013 11:00am-1:01pm EDT

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now here is dagen. dagen: thank you. health care on an even hotter seat. capitol hill testimony on who knew what about the shortcomings of obamacare. and talk about hotter than they have been since the heavy date of the housing bubble. home prices. any better place for your money right now? spying on your friends and i'm not just talking about in the bathroom when they're in your house but former cia agent on a laid his head to nation's intelligence gathering. and facebook romance, social network can now predict if you are on the verge of getting a dear john or a dear john letter from your significant letter. who writes letters anymore? i bet you connell mcshane does. he is old school on this hour of "markets now." connell: that literally makes no sense.
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dagen: who writes letters? connell: when was the last time you wrote a letter to somebody? 15 years ago? dagen: probably a thank you letter, probably. connell: the market up. housing we will talk about. obamacare. some mixed earning report reporo talk about with nicole petallides. nicole: good evening, dagen and connell. the s&p and the dow are gaining. we're seeing these records coming off of another record high 32 times this year, but is worth noting and the dow 100 points away from all-time highs as well. that being said we continue to watch names, and we have to focus on apple which traded as high as 539 and change. right now pulling back. third consecutive quarter of profit declines.
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beating revenue, they continue to sell millions of ipad and iphone. dagen: the head of the agency in charge of overseeing the rollout of the obamacare website facing some tough questions before congress. connell: starting with rich edson. rich: how may people have managed to enroll in obamacare because of the website? it does not necessarily mean they have successfully enrolled. the message we are getting, we are going to wait. speak of the memo estimated 494,620 people would sign up for health insurance under the program by october 31. obviously we're very near that date. have you met that estimate? >> we will not have those numbers until mid-november. >> so do not have any idea of how we people have enrolled? >> folks are still in the process of enrolling.
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the basic exchanges and the federal exchanges, we will have those numbers available in november. rich: she expects initial and really numbers to be small. she said that was the experience in massachusetts when the state set up a similar type of exchange to deal with those members of the state looking to get health insurance. she does say the site is getting better every day and that is what you are hearing it, but there are still technical glitches preventing a lot of folks from getting on a health insurance exchange and getting enrolled. refusing to say how many people are enrolled. back to you. dagen: rich edson, thank you. connell: the other side of it today, the reports out saying the obama administration knew back in 2010 over three years ago 10,000 people would not be able to keep their health insurance despite promising otherwise. dagen: joining us now. this is coming to a rude awakening for people who are getting dumped by their
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insurance providers bid they will have to go and potentially without a subsidy by more expensive health insurance. >> well, dagen, this is nothing new. it is widely covered in the fall of 2010 when the new regulations were being rolled out from health and human services. we have to keep in mind 85% of americans who get their health insurance from their employers will be able to keep their plan. this is focus on the individual health care marketplace. which was a mess. connell: there is nothing taken out of that quote. >> 85% of americans get it from their employers. if i was his speechwriter, maybe i would have said let's talk a little bit about the fine print but it is 85% of americans, get your insurance from your
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employer. but the individual health care marketplace that is victimizing consumers have now had to shift to the benefits that are absolutely important. you cannot say actual insurance with does not cover hospitalization. they were victimizing these consumers, and they were discontent policies every year. dagen: not everyone will have to go out and get new insurance and pay more for it being victimized because i have friends whose insurance coverage is changing because of this law and they are being forced to buy more coverage than they wanted to buy and pay more for it because of how the obamacare is written. not every person who is losing their insurance because of these changes is a victim. >> i will concede the changes are happening that have been every four years.
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this usually 12 month contract. health insurance companies change those policies every year. this is not because of the affordable health care act, the changes that are happening because of the act are you cannot take away benefits, you can't deny insurance because of pre-existing conditions. they were policies people would get canceled once they got sick. that is not health insurance. connell: the game you're talking about, people have to change their policies and many times are changing more. the may not have known that and now they are paying more. >> we had to keep in mind because of obamacare, the affordable care act, you now have options, you now have affordable options that you didn't have before an individual marketplace because they just weren't regulated. now they're going to have to live up to some standards. that's a good thing for
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consumers. the victimization that was happening when someone is paying $50 per month thinking they had health insurance didn't cover hospitalizations, once they got sick they would be kicked off, that is not everybody. dagen: some people wanted particularly young people going to be whole financial structure of obamacare, particularly young people that they were willing to go and buy insurance under the old rule and they wanted catastrophic coverage like if i wind up with a catastrophic illness, i want to be able to be covered, that is all i want to be cared for. they may or may not get subsidies. >> the most half of the people between 18-34 will be able to get a health insurance claimants full of benefits for $50 per month. 75% of them.
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getting it under $100. it is chock-full of benefits. dagen: throughout the midwest because of the changes in the coverage requirements, these people are paying more for insurance than they would be otherwise. my point is the financial structure of obamacare if you force young people to pay more for their insurance, those are the very people you need to be covered in order to cover the ill and the elderly. >> they're getting access to actual insurance sometimes $50 per month, sometimes less than $100 per month. that is something that is real benefit. connell: it is not just technical differences. >> "usa today" is reporting website is functioning better than it has. they are getting there. connell: it could be not only
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misinterpreted, it is saying one thing and doing another. in this case. >> insurance companies can no longer victimized them. majority of americans get it from their employers. they can keep it. dagen: we still have to wait and see how a people get dumped from their insurance because you are already seeing part-time workers and the likes trader joe's and home depot losing employer coverage being forced in this marketplace is because they don't want to cover them because of the cost. >> we're getting reports around the country ceos saying they will be hiring more full-time workers in the next two years. the rumors that this is going to cost you to lose part-time work are not happen. full-time work is up, part-time work is down. dagen: the discussion when you confuse people who disagree with what you believe and saying it is myth, you need to have a
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discussion based on the facts. you might have a different way of viewing them but just to say it is myth doesn't give it justice to the people who do suffer. >> this is a report out of the duke business school where they have gone to over 500 clo's and cfos and said they are going to be hiring more fo full-time workers. because of obamacare. it is just not happening, it is not coming to fruition. people who want to sabotage this law are pointing fingers. dagen: people starting companies dealing with the health exchanges because information they've been getting is so lousy they had to go out and hire people who are recipients on the phone. connell: getting along fine. dagen: we're just having a conversation via >> it is a much-needed debate because people have to learn about these benefits and how they will have better options because of the affordable care act.
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connell: we all agree i have the best seat in the house about this. dagen: thank you so much. connell: all right. let's talk housing. home price report out today. the market is up and everything else. dagen: that's right, year over year an increase of almost 13%, 12.8%. the fastest pace since early 2006. again, if you look at this case-shiller report it really is outstanding. connell: we will spend some time talking about it. here with the answer provided of course not shocked by the latest. making an investment today, what about american home, is that the best investment you can make or another to make to us? >> not necessarily the homebuilders. like the suppliers, companies like whirlpool, in addition to
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selling into new homes being built, it builds confidence to those who own homes to do something like put in a new deck or a new generator, things like that. dagen: good look at at different asset classes, the fixed income, corporate treasuries, high-yield and housing, where would you put your money, what do you like right now? stocks are the highest of the list. globally much more appealing, we're stabilizing, earth science recovery in the u.s. is leading that. connell: where are you in interest rates for bonds? >> we will see interest rates go up, jus it's just a matter of w. large pension funds institutional investors with a fixed income allocations.
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they have overturned for the last five years. connell: to what level do you care about what is happening in washington, first it was the debt ceiling stuff, health care debate, is it just noise in the background or is affecting business investing? >> it does infect us. 10 years of you spent time on the macro, the politics waste of the resources and investment firm now. you have to spend time on it. it is not a good idea. although it does affect you. what was interesting about the last showdown is a lot of people cap our position going into it because the threat of doom and gloom did not come to pass. that was damaging to the economy. the market was higher by the end of the showdown and people were
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focused on the economy nothing focused on government. connell: you cry wolf. dagen: that is what it will be out from this time on out. a crisis created by those in washington, isn't that the danger? >> that is very much the danger. they may be overstepped their bounds extracting too much policy. would not have a tailwind because of that. what we need is stimulus policy. the healt health care because wu think about it creates uncertainty and take time away from management of companies, their thinking about it, it is a change. that is a drag. connell: kevin, thank you very much. >> you're welcome. connell: and noted obama
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supporters outraged that united states is spying on allies. so, we are bringing in our good friend former cia agent mike baker to talk about that with us. dagen: facebook has a new addition to determine whether or not you should spend money on your significant other. connell: sending your luggage ahead of time. the sharks on shark tank were not sold. why is the entrepreneur they were not sold on now showing signs of success? we will have the story later in the hour. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company.
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dagen: retail sales down in september for the first time in six months. if you take a close look at the numbers, blame auto. right, nicole? nicole: that is absolutely right. you can blame the auto. look at retailers and autos as well. the story really is that retail sales last month we saw the auto numbers weighed on that. you can blame the autos did they drop off of the car purchases
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that we saw labor day sales counted toward august, so that worked out on the hump. some green, some red. not too far from any of these names. act to you. connell: google producing tens of thousands of more glass as the holiday season but not for you to purchase. these pieces of wearable technology available to developers and other early adopters. able to invite up to three friends to buy the device in the coming weeks. this time available as the general public until next year. remembering the gmail rollout years ago. also they released an update on the glass hardware with improvements like prescription lenses. take a look at shares of google.
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dagen: they are billionaires and they don't need to worry about looking like total nerds to pick up chicks. connell: we don't need to get into his private life. dagen: it looks like facebook are now be able to tell you whether or not you can spend money on a holiday gift for your significant other. working for cornell university they have a formula that can predict if a couple is going to break up in the next 60 days looking over 1 million users listed in a relationship, facebook found a friend network with more groups of friends makes all the difference be at couples with clusters of friends seem to be 50% more likely to break up than a couple with what they would call a higher dispersion of friends. take a look. member $38 per share. connell: 50 bucks, just about.
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dagen: i think that is pure quantitative analysis. dagen: the damages to our intelligence agencies. how about that for a transition. mike baker will be here. connell: tell us the results. despite a tough go of it, on "shark tank" there is one onto for nor showing success in the travel industry with his ipo that the sharks did not like. coming up. [ male announcer ] meet mary. she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions of americans just like you
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and use promo code notme for 60 days of lifelock identity theft protection and get a document shredder free. call the number on your screen or go to lifelock.com/notme. >> 25 minutes past the hour, i am lauren green with your fox news minute. a number of events scheduled today to remember super storm's candy on the year anniversary there'll be a candlelight vigil tonight. people will line up along the jersey shore with flashlights. 188 people died in the storm. many survivors with damaged homes and businesses are still waiting for federal and pledge for aid. today some european countries are recovering from another storm. at least 15 people are dead following the worst storm in years that his western and northern europe. tens of thousands of people without power. tiger woods, and electronic arts, are going to separate
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ways. announcing the pga tour game will no longer be named for word spread that was unusual decision to end the partnership. it made his debut in its 98. those are your news headlines in the fox business network. connell: there it is. so looking at some personal banking this time for us, i believe. charles: it is a prepaid credit card company. one of the things you think of and think this sounds like something you get at a gas station, low-end kind of stuff but it really has a business model i think builds a whole lot of people, not just the lower and crowd, if you will. is there there are potentially 150 million people who can use them including the unhappy with their bank accounts. you get these cars can we can load them up direct deposit, cash, an assortment of ways, pay bills online.
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it just rings people into the society. the hymen mum balances, in overdraft fees, things like that. they are doing extraordinarily well right now. connell: how does this company, how does a company like this get on charles payne radar? how does it pop up? >> i am not sure we ha. i am always looking around. saw the ticker somewhere and started drilling down. i have a pretty eclectic list. but then you start to drill down, they are reloading. 45% annually compounded annual growth. the cash volume is four times
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the next competitor. just a fantastic business model and i think they will continue to do pretty well. dagen: thank you, charles. charles: that was a good question. dagen: it has been a random show so far. connell: mike baker coming up. we have to keep moving. stay focused. mike baker coming up to talk about this piling on our allies. and the damage may be the discussion doing to our intelligence agencies. dagen: one company benefited from a loss of power during super storm sandy.
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connell: a good shot of mike baker coming up. we have dell announcing it has completed the go private deal. so, nicole joins us with that from the new york stock exchange. a $25 billion deal basically and this is the last day we will be seeing it traded as common shares on the nasdaq concluding that at the end of business today moving forward with going private and the acquisition of michael dell ceo and the founder of the company along with silverlake. that is it, they are moving forward, taking the 110,000 moving forward. year to date up 37%. right now $13.85. back to you. dagen: thank you, nicole. connell: the latest on this nsa
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story. diane feinstein, a strong defender of the nsa over the years says she is totally opposed to spying on allies revealed the committee will announce a major review into all intelligence programs. dagen: after reports surfaced the white house has spied on allies including german chancellor angela merkel. former cia covert operations officer, global intelligence and security firm. based on what senator feinstein said, what damage if they restrict the activities of the nsa, what damage without due to our intelligence collection? >> it shouldn't be the business of our politicians or our administration regardless of which administration to try to set our national security parameters in order to appease the public. whether it is our public or european allies. there's a reason they have need to know.
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the reason we have secrets. it would be lovely if it was a world full of rainbows and unicorns, but it is not. to say our allies are shocked and outraged is to discount the fact they are doing the same thing. in part it is because what is a quiet understanding the fact we spy on them, they spy on their friends and neighbors and us if they have the resources comment has been thrown out into the spotlight because of the snowdon leaks. we are playing their public in a way. i think it is a complete mistake of his white house turned around and says we are drafting laws and regulations restrict this simply because they are playing politics. connell: let me ask you about current law. is anything being done that you found about illegally as far as you know? >> no. connell: the second part of it that i think is interesting is to say you are in a hypothetical situation spying on angela merkel, because that is the name coming up, what are we hoping to
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get out of that, what are we hoping to find? you have a scenario to paint this is why we need to do something? >> that is really going in the right direction because my concern isn't that they are doing it because i know what the french are up to, what the spanish, everybody is out there spying on their friends and neighbors. i would like to think we're doing it for operationally sound reasons rather than just because we have that capability. i never look at this from that point of view saying why would we do that. connell: something you say we need to find out what merkel is talking about. tha world leader and ally. some people say why she ever need to know what they are saying. dagen: in part it is the casting of that wide net. i would look at this from saying let's make sure what we're doing is tactically sound as opposed
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to saying let's say we can't ever do it again because that's not the right approach. dagen: you don't buy the outrage of those allies or the politicians we are hearing from in washington? >> i said i don't buy it from the president who says he was surprised by the strategic program they have been running for all these years he has been in office is to divide belize. --dash defy belief. people can get on with their business. for him to say i didn't have any idea we're doing this program. to say that same thing, it doesn't make any sense and is not a critical statement. not the president would know the day-to-day activities but to say he is not briefed in on the strategic level or these programs is insane. connell: he knows people are doing that to him as he has the encrypted blackberry.
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dagen: i thought of course we are. >> that is the general reaction of most of the people. the allies would like this thing to just go away. we're actually white house is to plate the politics of it. connell: mike baker will be on "imus in the morning" so we will see him in the morning. >> that is what we call a teaser in the business. dagen: you have to wait until tomorrow morning. good to see you. connell: that will be cool, so we will find out. dagen: there you go. did not change in his wardrobe. >> it is business casual. dagen: there is nothing business about what you are wearing right now. up next, the founder shows us how he is helping travelers. he got a beat down from the people on "shark tank" was still in business and growing. connell: you will find out why
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that is the case. and a bright side to every story. work with us here. some residents in the northeast still recovering from super storm sandy. helping prep for the next big storm and even some of these people. man, it is still tough for so many people. dagen: apple not the only company profiting from the sale of more than 33 million iphones in the last quarter. cheryl and dennis will have the story in the next hour.
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adam: i'm adam shapiro with your fox business reef. security is a of a closed-door meeting between president obama. ceos for mastercard, visa and bank of america are among those in attendance. joining efforts between industry and the administration to develop cyber security framework on the agenda. consumer confidence plunged to its lowest level since march. index fell to 71.2 in october from a revised 80.2 in september. they found confidence deteriorated considerably as a result of the partial government shutdown and debt ceiling crisis. retail sales fell last month for the first time since march. sales came in one-tenth of a percent lower in august when they were expected to rise one-tenth. sales up 4 tenths along with expectations. that is the latest from the fox business network, giving you the power to prosper.
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dagen: baggage. i say it with a scowl on my face. lugging around the airport, paying high fees to the airlines. one odd but never came up with a company that picks up your bags for you and gets them to your destination ahead of time. connell: our next guest was on "shark tank" and made his pitch for investor money for this company. the sharks had their concerns. before we talk to him about it, let's look at those. the concerns going up against fedex and ups. here's what happened. >> you have one huge problem. you have other competitors that are bigger and have more marketing strength then you do. you're going to get crushed. you need an angle that differentiates you and smacks people on the face quick, easy,
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cheap, now. and i don't think you are coming close to doing that and you don't give me any indication that you are doing that, so i'm out. connell: he has had some time to respond to mark given by doing business. how have things gone since then? speaker they have been great. we increase over 500% in sales by being on the show. connell: even though you did not get the money. dagen: did you go out and get money from another source? and did you make any changes that they suggested in the show? >> we already had investors. but after hearing marks concerns and a few other sharks and customers feedback after a huge increase we made changes. we made it simpler. we did what mark wanted to do, fast, cheap, easy, now. we have seen an increase in that message in the last few months with customers. connell: give us the pitch now. why should we use you now? >> right now you can definitely
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use fedex if you want to wait in line. if you want to pay retail, go ahead. if you want to use us we will handle everything sign-up online in less than five minutes, send your tags with your luggage tag and shipping labels and we will pick it up from your door and send it to the end destination and we do it for less than ups or fedex. at an economy price most of the time. dagen: how do you make money on that because you are paying to ship the bags and after your own cost, what is left? >> we have deep discounts with major carriers and we pass on a bunch of the savings back to the customer while still keeping our margins and profits going. connell: you are making a profit? >> absolutely, yeah. connell: what is it? >> 30-50%. it changes and we're still offering pricing for that margin to the customer where they can't get that same price and they went to ups or dhl directly.
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dagen: it is not just ups and fedex who are competitors direct or indirect. i got off like a gift once, think it was a white glove luggage concierge. there are other companies in your direct space. >> and they have been around a little longer and came in when 2001 hit and it became a luxury service to send your bags. we have seen our pricing needed to be lower in order for us to get to the average american who could realize the service. there are companies out there that are much more than us while we are still the same kind of company, white glove at an economy price. the average travelers getting hit with baggage fees and want some convenience. connell: i feel like i'm missing something here that you are able to do that, keep your cost so low in these other companies compete with you can't. something you are doing that they are not?
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seems too good to be true. >> we are taking less profits. we decided we don't want to charge $129, we can charge $69. we hope and a future volume is where we are going. whe will make up the difference where right now the ones in the business are charging much more because it is a boutique, small market. dagen: are you limited to certain regions of the country at this point? >> no, anywhere in the country and multiple countries around the world. connell: lugless. any publicity is good publicity. dagen: if he didn't need money, obviously went on for exposure. connell: a record level of harvest and corn prices into the ground. dagen: sand sandra smith has lat in today's "the trade."
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sandra: whatever's happening with those grain prices whether you think so i or not is affectg the price of the gasoline going into your car, the food on our table at night or the stock investments we make every day, we are somehow affected by these corn prices. down. we are looking at corn prices down 39% this year, down 50% from where they were a year ago. over $8 per bushel a year ago, now looking at about $4 per bushel. this has big implications not only for the consumer but the stock market as well. seed and fertilizer producers. the reason they are down is right now estimates are for the largest corn crop harvest ever. about 50% done with it but the weather has been good and you get lower prices, looking at 80.
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it has reported earnings today, revenues did beat expectations. the stocks way up. these are all companies affected by these moving corn prices. lower corn prices have wider convocations. down 4.2% in september. those lower corn prices are being reflected at the producer level as well. and by the way, you talk about our gas tank, when corn prices come down this much it becomes profitable for those ethanol producers and they make more of it. they have more incentive to produce more of that ethanol and that can drive prices down and drive prices down for our gas tanks. dagen: thank you, sandra. connell: the devastating landfall of that storm a year ago left are then 9 million homeowners and businesses with no power. dagen: jeff flock shows as a company that is doing something about it.
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dagen: one year ago today hurricane sandy hit the northeast and it was devastating. it does not really give you a clear story the super storm left more than 9 million homeowners and business without power. connell: those outages gave one company a lot of business. here we are a year later. jeff flock in whitewater, wisconsin, with that story for us. jeff: literally looking inside the power generation business today looking at alternators. a lot of copper in that. chances are if you had a generator in the midst of a storm or if you have one now, it
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came probably from this factory here in wisconsin. number one generator manufacturers in the u.s. i have the vice president of engineering and the vice president of hr. hr has been booming. first, what am i watching as i watch things under construction? >> the front end of the home standby line. jeff: how about this. >> these are wireless robots. we are bringing the finished alternators together to form the powertrain and ringing them down the line for the rest. jeff: your business has been booming. that is one measure of it, but only one measure. after the storm things have gone crazy. your stock have tripled since 2010. how do you keep up with hiring? your company has grown at double the size and two years? >> our company has grown double
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in size. over 3300 employees globally. jeff: i don't know how you keep up with that. this is a hotbed of manufacturing. you have competitors here as well, the demand now has never been hotter. >> this is a continued demand, pretty good sustainable future for this and the awareness is really coming into its own. jeff: it is not just about storms anymore. people want this backup power. come over here, i want to flip on one of these units. what unit is that right there? >> this is a generac guardian, avenue flagship series. various skus within that. jeff: what is that cost me? >> generally speaking it is in the 3000, $5000 range retail.
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and an installation process. jeff: huge growthcoming for you. how do you keep up with it all? >> we are very busy. there are a lot of recruiting activities and we have six locations in the state, so a lot of work to do to hire. jeff: more growth to come. only 3% penetration so far. there is a lot of growth out there. if you are dead in the water without power, you are dead. and a lot of people want to have that back up, they don't rely on the grid anymore, they want to have that assurance that they will be alive as we are everyday every hour. from generac today. >> we look forward to that throughout the day. many of us found out the hard way what it is like to be without power for a long time. he will be there throughout the day. he will talk the vice president of operations looking at the plant where those generators are made.
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stay tuned for that. dagen: president obama repeatedly said if you like your health insurance, you like your health care, you can keep it. much to be made about those statements because you may be left out the millions of people who are losing their insurance. up next with their takes. connell: and britney spears helping out the navy to ward off pirates. of course. dennis kneale and cheryl casone pick of those stories next as "markets now" continues. goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger.
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>> if you're one of the more than 0 million americans who already have health insurance, you will keep your health insurance. this law will only make it more secure and more affordable. >> from that podium, will you admit that when the president said if you have a plan you'll get to keep it, that that was not true? >> well, let's be clear. what the president said and what everybody said all along is there are going to be changes
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brought about by the affordable care act that create minimum services that every insurance plan has to provide. dennis: depends on what the meaning of true is. fox's ed henry pushing for answers. i'm dennis kneale to take you through the next hour of "markets now." president obama said it over and over again in selling his health care plan, if you like the insurance you've got, you can keep it. so why is it millions of americans are losing the insurance they had? mark tiff fin and alan colmes are here with their plan. and the president, we're told, was unaware of nsa spying on our allies, so is he a good delegator or just way too out of touch? is tweet us your thoughts. and apple selling 34 million iphones in the fourth quarter. who made money on that, all this and more in the next hour of "markets now." ♪ ♪ dennis: well, i'll be darned, cheryl, turns out half of the 14
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million americans who buy their insurance individually not through an employer, half or 75% could receive mailed notices saying you're losing your insurance. cheryl: we're going to be talking more about the political fight over obamacare and now these hearings, which i have a feeling we're going to get a lot more of these hearings to a television screen near you as the obamacare exchanges become more and more controversial and still don't operate. dennis: one of those fights coming up right here, as a matter of fact. every 15 minutes, nicole petallides at the floor of the new york stock exchange and, nicole, earnings, economic data, stocks are nicely up a little. >> reporter: the s&p 500 again, a new record high today. so if you're a bull out there and just hoping for higher and higher and more for your 401(k) and ira, you're feeling great today. right now the s&p is up about five points, 1767, the dow less than 100 points away from its high, all-time high. so right now it's up 55 points,
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and that's one-third of 1%. tech-heavy nasdaq pulling back a little bit, we've gotten some numbers that showed strength in the sales of furniture and electronics, less so for autos, we got apple numbers in in positive and negative territory today, so that's just a few stories we continue to follow including sears and dell as well. back to you. dennis: thanks very much, nicole. cheryl: the head of the centers for medicare and medicaid services, the agency in charge of overseeing the rollout of the obamacare web site, apologizing for the site not working as it should. now, this as she faces some tough questions from congress. rich edson is on capitol hill with the latest from that hearing where i'm not sure hot seat is even appropriate at this point. the grilled seat is even better, rich. >> reporter: well, cheryl, they're looking for a number, and this is a number that lawmakers have been asking for for weeks now, how many americans have successfully enrolled in obamacare thanks to the web site. the administration says and cms
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says we'll let you know at some point in the middle of next month, and then the question comes up, does the administration even know? >> no one in the entire obama administration has asked you not to release those numbers? >> we have made a group -- we made the decision that we were not releasing the numbers til mid november. >> and you don't know, you have no idea what those numbers are at this point? >> i told you, we would release the numbers in mid november. >> okay. i'll take that as you don't want to answer the question. >> reporter: now, the white house, according to cms, coordinated with hhs to decide they weren't going to negotiate or release those numbers until the middle of next month. also this question as to a grandfathered health insurance plans, whether you can keep your insurance, the sound bites that you played at the beginning of the show, well, cms says that 86% of americans will be able to continue their employer-sponsored health care plans, that that won't change, and they were simply trying to
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make insurance better for everyone else. but, of course, all the reports now you can't keep your health insurance, especially on the individual markets as those plans aren't necessarily grandfathered. those standards have risen, and folks are having to pay more for insurance as the reports around the country are detailing, that's still coming up as well. cheryl: we just need more data, and that's what we're trying to figure out, all of us. rich edson, thank you very much. dennis: obamacare bombshell, a stunning revelation: the white house knew millions of people would lose their old health insurance plans under the affordable care act. now a staggering two-thirds of 14 million people who get individual health plans can expect a cancellation letter in the mail according to a note dated july 2010 and buried deep inside thousands of obamacare regulations. for more let's bring in the former chief speech writer for president george w. bush, now a fellow at the american enterprise institute, mark thiessen, and also alan colmes.
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marc, does it really even matter that millions will lose, that they can just turn around and apply for obamacare and they'll have coverage? >> that's the interesting thing. that was the plan all along. when president obama looked the american people in the eye and said you, if you like your health insurance, you'll be able to keep your health insurance period no matter what, that was a bald-faced lie. they knew from the very beginning that millions of people would lose their health insurance because of obamacare, and not only did they know, they intended for those people to lose their health insurance. and the reason for that is they need those millions of people to go into the exchanges to subsidize the poor people that they're going to try to cover under obamacare. dennis: all right. >> because the individual market is the most lucrative part of the health insurance market. there are healthy people who don't use a lot of services. they need seven million of those people into the exchanges, or else obamacare goes bankrupt. dennis: and, alan, what better way for those people than canceling their insurance? do you think what marc said was
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wrong, that it was a bald-faced lie? >> i think what the president did not say and what he should have said is it really depends on what the insurance companies do. insurance plans don't say the same year after year after year. when he talked about in 2010, he couldn't guarantee that in 2014 -- deb depp but he did keep saying it over and over. >> he shouldn't have said it, because it wasn't true. what he knew or whether it was a bold-faced, intention ally, i don't know. i'm not going to ascribe to him the worse intentions like marc might. dennis: you know, marc, because the white house is not providing a lot of detail, anytime you have a lack of information conspiracy theories rise up. i'm hearing more people say to me i think they intended to screw this up so that we could end up with a one-payer government system because it's so messed up. will you, please, say that, no, you don't think that? >> i don't think that these are all conspiracy theories. i mean, look, these people have proven to be dishonest. you just had on air the head of the cms saying that they made
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the decision not to release the numbers until november when kathleen sebelius said she didn't know. so this woman basically admitted they did know, they're just not releasing it. dennis: okay. >> why did sebelius say -- do. dennis: all right, allan? >> look, i wish we had single payer. a lot of people who don't agree with obamacare are some on the left who would like a more progressive program. medicare for all would have been simpler. this has been marketed really badly because people don't understand it. dennis: yeah. marc, do you think at this point we're going to be able to fix this? what's going to happen next? >> well, the problem is what they've done is they intentionally engineered this system where people are going to be, millions of people are going to be involuntarily taken out of their plans, but what they didn't count on, the rub is that the web site isn't working. and so what the problem is now, the people who are getting forced out of their insurance can't get new insurance on the exchanges. we're going to actually have on january 1st millions of people
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without insurance because of this scheme that the obama administration came up with. dennis: alan, you yourself have said that you think they should delay obamacare as the tea party wanted to do during the shutdown, baby. >> well, they want to shut it down. that's very different than extending it. what obama did was extend it three weeks yesterday -- >> how long should they delay it, alan? >> i would wait until the web site's up and running -- dennis: okay, so we've got to wait forever. [inaudible conversations] guys? i think it's a very spirited debate or a lack of discipline imposed by the ap chor, but we've got to wrap. thanks, we appreciate it. >> thank you. cheryl cheryl let's stay really on the washington track, if you will. the fed's kicking off its two-day policy meeting where it's widely expected tear going to stand -- they're going to stand pat on all that printing. even some bears are cheering. what does that mean? well, matt veto is here.
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okay, here's the thing. it seems like everyone is going bull withish. you've gotten -- bullish. you've got dr. doom himself saying that, oh, stocks look great right now. isn't there a contrarian out there that's saying, wait a minute? >> there is. most stock price charts are up and to the right, so that makes you nervous. but you look at the obvious reasons why we'd get a pullback, and i think everyone would agree we're probably overdue. tapering's probably been pushed off, the political soap opera of the debt ceiling has been pushed off, so at least through the end of the year, it seems like we've got a pretty good chance of coasting through. cheryl: i go back to what we saw in the '90s, that incredible bull market followed by a very nasty bear market. even go to 2006 before this last debacle, the s&p 500, the dividend yield was about 2%. it's 2% right now. >> it is. i think you've got to be very carefulful. i don't think you can make a decision to be in the market or not be in the market.
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we spend a lot of time thinking about individual companies, individual stocks. so it's hard to generalize about valuations, dividend yields. i think if you're going to have successful results over the next bunch of years, you're going to have to do it company by company, stock by stock. cheryl: so many analysts are saying you've got to just get specific. you can't just buy the s&p 500. idiots could have made money in the late '90s, everybody made money, and now that's not the case. >> yeah. in hindsight it's certainly easy to do that. but now the burden of proof has gotten a lot tougher, valuations have expanded, so you have to pick through and find individual situations. they're just not as plentiful as they were six months ago, 12 months ago. cheryl: you look at 2006 again and everyone was avoiding bonds, and we're seeing that again now. you've got to have -- sorry, that was my phone -- you've got to have bonds somewhere in your portfolio, correct? don't we need something there? >> you probably don't want all your capital at risk in the equity markets, but you're just
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not getting paid a whole lot in bonds. so you might want to be in cash or short-term bonds and kind of live to fight another day. you are taking on risk. people think bonds are the safe part of the portfolio, but if you go out either on the credit spectrum, those are risky places to go. cheryl: one of the places you're avoiding is energy, and i think this is interesting. all the drilling going on and gas and fracking and we're going to be energy dependent, but you're avoiding that. why is that? >> well, i think for most companies in the energy sector, they're going to live or die with the commodity price. so the good news about new finds of shale oil and shale gas is that supply goes up, and it makes it cheaper for all of us. but if you're trying to sell that and demand is pretty stable but supply's gone up, the price of the commodity comes down, and that's a harder place to be. cheryl: you like semen tech -- she man tech, and you're going, hey, buy that stock. go for it. >> it's a turn around story.
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it is a management story. this is the company that has lost market share for years, has done a lot of things wrong. they brought in steve bennett who a lot of people know from intuit, and he's doing nothing short of a complete overhaul of the company, it's very disruptive in the short term, but if he gets it right, it's going to be a big opportunity. cheryl: the stock has taken a little bit of a dip -- >> yeah. new bookings were down 30% this quarter because they changed all the sales force compensation, coverage territory, all of that, and it's just going to take a while. cheryl: they're going to be busy bees. >> it's a great market to be in. cheryl: absolutely. thank you very much. >> thank you, cheryl. cheryl: and by phone's off now. [laughter] that's happened to both of us, by the way. dennis: actually never happened to me. actually, it has. the president a good delegator or just way out of touch? tweet me. cheryl: as we go to break, want to take a look at shares of apple. big story, they reported
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lackluster earnings last night after the bell, and, you know, the company came in, they sold 34 million iphones in the fourth quarter, but after the break i'm going to tell you who else is making money off of those 34 million iphone sales. we'll be right back. let's take a look at energies as we go to break. ♪ ♪ (vo) our new planes don't fly any faster.
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♪ ♪ cheryl: okay. before the break we showed you how shares of apple were faring, but apple could have done a lot worse were it not for sales of this. of welcome to the iphone 5s. yes, this is what you're seeing. they sold 33.8 million iphones in the third quarter, lagging the 5s. i just happen to have the 5s, the gold version, thank you very much, everybody. to show you who else is making money when it comes to the
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iphone, look at the camera right now. obviously, total costs this is a mixed bag of companies, but you're going to see things like the camera, the a7 processer, semiconductor. interesting, because samsung is the biggest competitor globally when it come toss the iphone. now go down to the battery. the battery made by a company you're going to want to keep your eyes on, that is japan display, qualcomm is the processer. qualcomm has more components within the iphone 4. the sensors, fine. the module, that again is a ng about this, mirana. the power manager, they have a company, dialogue. that's the stock to watch, qualcomm, and then the main flash. there is toshiba semiconductor. all of this coming down. what you're seeing right here as we go through each little piece of the iphone is the completed -- that's my phone, by the way, and this is micron, the
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finger sensor. this is, of course, if you don't sign a contract. fourteen analysts raising their price target on apple today, dennis, so people are saying buy apple, but take a look at the other names as well. dennis: all right, thanks, cheryl. what's bugging me is our know-nothing president. never before has a president who is said to be so inordinately brilliant claimed to be so clueless on what's going on in his own house. there he was on the front pages yet again yesterday morning: obama unaware as u.s. spied on world's leaders. for five years. and so it goes. obama unaware of web site flaws before rollout. obama unaware irs targeted tea party conservatives. obama unaware of solyndra scandal. unaware government probed the press and spied on millions of americans. in business you've got to be aware of a lot. information and transparency and clarity are critical.
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but in washington we're led to believe a president who holds himself so highly could be so utterly unaware of so much. now, maybe president obama is unaware because he never bothers to ask any questions. instead, president obama stonewalls. just try and get him to tell us how many americans have been unable to sign up for obamacare and how many americans are losing their old coverage because of it. i'll bet you he doesn't know. he's unaware. so tweet me. is president obama a good delegator or just way too out of touch? your turn to weigh in. tweet us @dennis kneale, your comments coming up. cheryl: wish we could get a window into what the president informses in -- invests in. dennis: i'm sure it's disclose bl. i think he must be in cash. cheryl: good point. [laughter] well, people laugh at the doom and gloom investors out there, but if history has taught us anything, should we start listening to them? dennis: and britney spears has a huge fan base, but pirates
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respect among 'em. how the british navy is using her music to its advantage. how the world currencies are faring, meanwhile, against the u.s. dollar. ♪ ♪ it's a growing trend in business: do more with less with ss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.
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>> welcome back to fox business at4 minutes past the hour, i'm lauren between with your fox news minute. spain's prosecutor has opened a preliminary inquiry into report that is the national security agency spited on its interspied on its citizens tracking more than 60 million phone calls in just one month. spain summoned the u.s. ambassador yesterday to discuss the allegations. the red sox have two chances to become world series champs starting tomorrow night. last night they grabbed a three games to two lead. jon lester allowed one run and four hits over seven and two-thirds innings. talk about the power of music, britney spears is reportedly being used as a secret weapon to fight somali pirates.
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crews are blasting spears' tunes to stop bandits from trying to hijack their supertankers. apparently the songs oops i did it again and baby one more time are the most effective in keeping the pirates at bay. and that's your fox news minute. back to you. ♪ ♪ dennis: and it's time to make money with baby one more time. charles payne -- [laughter] a fashionable pick for us. >> yeah. quicksilver. do you remember that? dennis: i don't remember. >> you don't? you never went into that skateboard culture? cheryl: you didn't have vans in high school, dennis? dennis: yeah, okay -- cheryl: anyway. [laughter] >> listen, they were the first guys to come out with the velcro clothing, they've been around for a long time, but they fell on hard times. i like what they're doing. they miss earnings every single quarter except last quarter when they finally posted ten cents, street was looking for four cents. they're refocused on their key
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brand, they're bringing those back up. i think this stock is, people are overlooking it, and i think it's going to turn around. it's already started to move. dennis: one california yacht being that their -- caveat being that their customer base so fickle. >> they are very fickle. but the stock has been beaten down so much, listen, it's higher than normal risk, no doubt about that, to your point. but i like what management is doing, and these are the kind of places where they could be really big. cheryl: you've been spot on with your youth retail picks, we should tell the audience. >> well, my 6-year-old son is a real help. cheryl: exactly. vans, by the way, they're back. did you know they're back? yeah, they're making a whole new line. >> i called 'em skips. dennis: i think anybody who wears the suits and jewelry and ties that charles wears, truly, you should trust him for his fashion advice. >> thank you so much. dennis: they got rid of the skate both stuff, i -- skateboard stuff, i boy thought
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that was great sippery. >> they sell the boards, and the boards are kind of just sitting there. for a while, listen, this stock peaked in 2005, that's when the whole skateboard, snowboard thing was going. they were making skateboards all today long, and people were buying snowboards all day long, and that's kind of waned a little bit. dennis: you buy a lot more outfits than boards. thanks very much, charles payne. and the dow up 19% versus a year ago, but doom and gloomers abound. should you listen to 'em? cheryl: and you're in big trouble if you don't pay your parking ticket unless your car rental company in seattle. more of that coming up in my west coast minute. as we go to break, we want to take a look at winners on the s&p, pitney bowes, fidelity national information service. we'll be right back. ♪ ♪ when we made our commitment to the gulf, bp had two big goals:
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we don't have time for stuff like laundry. we're too busy having fun. we get everything perfectly clean by tossing one of these in the wash. and that's it. i wanted to do that. oh, come on. eh, that's my favorite part. really? that's our tide. what'sours? really? so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water.
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it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. . did you listen to do and gloom? year after sandy demonstrated the northeast one companies of and residents prepare for the next big storm. and it does smell good on your food but one plant is going to court over it. coming up in the west coast minute. it is 31 minutes after the hour and ibm, that stock hitting session highs as news of the company announcing a share buyback, ex-dividend on the floor of the stock exchange with nicole petallides. nicole: got to love it. buyback, dividend raises, the kind of people on wall street
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want to hear. as we see on the end, up 1.9%, the eye of the day. not too far off of that. they could go to the $15 billion in share purchases in addition to $5.6 million remaining at the end of september due to prior authorization. and with the look at tiger woods and the pga. in this case it turns out the big relationship and have, a 15 year relationship coming to an end. electronic arts, the franchise sold $771 million worth of gains and it seems talking to some other video game companies. back to you.
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cheryl: thank you. dennis: she predicted the fall of troy and no one believed her. princess cuts sondra was a lot like today's market doom and gloom, maybe shouldn't be ignored. joy in new with more is wall street journal reporter paul who wrote of the recent column whining about this. >> cassandra predicted agamemnon's death at the end of his wife. dennis: we need to clarify that. >> i wrote a piece on friday, the real point is not necessarily that you should listen to any one specific person. at market tops and bottoms people ignore the people who are saying this isn't going to last. and you have been in the business long enough you know the markets always turn. look she charge of the s&p last 15 years, up, down, it is up lot right now. seems like it will be that way
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forever. the last 200 years -- dennis: it goes up 6% year compounded roughly. the doom and gloom sometimes makes us lose out. look at finesse and doom and bloomers, you have mark potter. he said the dow would follow 3,000. peter schiff would be loving gold forever. >> human beings. >> capitalism is optimism monetized. canyon miss out on a lot of wealth creation if you listen too hard and soon to the doomsayers? >> if you listen too hard to anyone who tells you the market is going in one direction forever you will miss out. march of 2009, jack bogle called the bottom. nobody listened. in 2008, several people, a lot of people telling you to ignore
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the housing crisis, will be far in. and the point is you should not be looking at timing the market. the point is how the world view, open your eyes, understand what is going on, earnings don't matter. that is the huge health. turns out they did. your goal, i am a reporter, we are not investment advisers. if the goal is to navigate straight and narrow through the long term to the long-term gains. they are debt traders. dennis: there is, especially in tens downside. the way you get in trouble with your clients when managing money is if you say by this and they lose money. if you fail to say by this and
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they didn't make money there is a bias that we are constantly afraid and worrying. forbes magazine, 1997, wrote a story. you missed three years of huge wealth creation. >> the game also is not just enough about knowing what is going on in the housing market, especially if you are a money manager you have to understand what is going on and invest your client's money on that, protect them when the crash comes and you have to be able to keep the making jeans and the market is going. the biggest problem is if you are looking for safety you have very few options. but said tilted the board in favor of stocks, into a drug the emerging markets and risk assets. if you want any kind of the yield you have no choice but to take risks. that is a dangerous game and everybody is playing that and
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everybody is convinced the fed will not let the game stop. dennis: we will have a crash at some point and after that rebounds. thanks for being with us. appreciate it. cheryl: you said it five times. one year after superstorm sandy devastated the northeast one company is helping residents be better prepared for the next big storm and hope we don't get one. dennis: jump in home prices good for the homeowner but can lead to a cool down in the housing recovery? we will ask. let's look at ten year treasuries. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪
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all those e e os are there today. the average ticket price for the world series game 6 in boston, more than $1,800. the red sox try to win the world series in fenway park for the first time since 1918. since 2004-2007 both times on the road. the latest on the fox news network.
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cheryl: from crude to home heating oil energy -- the head of the trading pits of the cme and phil flynn to give us some, phil: thank you, mother nature. the earlier weather report of a much colder than normal november, that has changed. in new york city where they were predicting colder than normal we are going to be above normal to start november by one degree, the change in the forecast put some downside pressure on natural gas and heating oil both of which will be down
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substantially lower than where we were year ago if we get warmer than normal winter. heating oil which has been going up year after year has broken the trend. we can see those prices a lot lower than a year ago but the big news may be in europe. another showdown between russia and ukraine over natural-gas, this could be the third time russia cuts the mosque in the middle of winter, that could drive prices substantially higher. some people say it is about politics but they want the ukraine to join the customs union. we will keep an eye on that one. cheryl: thanks. dennis: one year ago hurricanes and the battered the mid-atlantic coast and jeff flock was there to cover it and the destruction she left behind. we continue our anniversary coverage in whiteof water, wisconsin which helped many stranded presidents get their lights back on. jeff: where business is booming, they have never been more busy and you are watching -- what am i looking at?
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>> our home stand by production, stand by units building a 20 kilowatt with complete aluminum inclosure. jeff: we're talking sandy one year later but it is not just those storms these days. the aging electric grid. watching in the truck. i am saving tough questions for you. it is not just about that but the aging grid. he said this grid is not very reliable. people want power even if they're not worried about storms. >> there are a lot of reasons for the power outages. we have a broad range of products from portable generators to large industrials to fit the applications for electrical deeds that you have. >> stock if you haven't got it may be should think about it because it has tripled since the ipoed in 2010 and also this year, you to date i thought i saw 70%. this is the home stand by unit of the company and if we look at
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your forecast use a portable generators failed -- sales are down. homestand by units are going to be up. >> the demand has been solid for us coming off of this storm, you expect the tail coming off, demand going down. we have been able to sustain that demand, the base line has grown. every time you come off of a storm the baseline demand seems to grow. >> it is not just you. you got a huge locus of generator production here. briggs and stratton, polaroid is here privately held but companies that provide this kind of backup of building. >> this particular product category, we own a significant market share. we doubled the volume of all our competitors. >> 70%, 70% of the market. >> 70%. jeff: lastly i would ask you, you got expansion plans overseas, you run the plants in the u.s. and its domestic focus
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but you are looking overseas as well. >> we diversify our product line through acquisition to grow internationally. and pretty robust acquisition pipeline. dennis: jeff: they bought a company that makes mobile white power as well. this is all about growth and right now all this market for home generation back up, data more important than ever is booming. dennis: thank you very much and fox business will be in wisconsin all day. next our jeff flock will be joined by vice president of operational excellence. how is that for a job title? cheryl: home prices in the largest metro areas taking a leap in the month of august, up 13% year over year according to the latest case schiller index. this may be a positive sign for homeowners but maybe not for
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those in the market. real-estate advisor -- the data we are getting is kind of just as interesting, starting to take up. good number now. september might be different. >> also look at the pattern of sales, we had some bad numbers yesterday, existing home sales. that is worrisome the prices going up, the question is why. income levels going up and home affordability still relatively cheap and the combination of rising income levels and homes being affordable. cheryl: 12.8% year over year for prices but a big piece was las vegas and las vegas was decimated, 20.2% increase. is in a market story, a geographic story versus an overall? >> there are winners and losers from a price perspective, supply constrained markets will do better than those that are not
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supply constrained and overbuilt markets got decimated as you said bouncing back but it is the story of affordability. the problem of interest rates is we looked at the story the last few months and it is the low mortgage rate but if we look over a multi-year commercial residential mortgage is cheap, really cheap. cheryl: people don't think of it that way anymore. how many times we doing this left and right and mortgage rates at 3.5% and money is free cautious said that on the show. 5%, doesn't look like a big deal anymore. >> what is in the affordability question? do ayn rand? do i stay? they la bosh? if you look at the fact that prices are going that will create tailwinds. cheryl: the first time home buyer, we really see them participate in the housing
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recovery. >> and haven't really jumped into the market, and we see prices going up and rates being somewhat reasonable they start to jump. >> prices up over the last six months, but one curveball, consumer confidence in this market morning. >> definitely a curve ball. the biggest capital purchase people make. a look at anything that will drive uncertainty in their thought process will get them not to buy the house and we came out of the home buying season. we are in the shoulder season all. more uncertainty and we are kicking the can down the road. there's no bright light out there. it will chill the market from a sales pitch perspective, construction start perspective, price perspective is affordability. cheryl: lets talk new york overall, the price jump was a
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little more than 3% which wasn't very strong. the northeast overall. >> boston was surprisingly low. those were markets with great demographics, job creation, rising income levels. just a matter of supply and demand in those markets but the places where phoenix, denver, dallas, those were interesting stories. cheryl: affordability, taxes. that helps. thank you. appreciate it. dennis: new media minute it is time for the killing fields, the big broadcast networks, three weeks into the new tv season contest nbc yesterday killing of a remake of the old ironsides and welcome to the family, an unwelcome rip-off of abc's modern family. this follows the first two shows of the new season, disney abc's lucky 7 which wasn't much the
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paula and cbs's an underrated we are men. variety says, next casualties, the drama hostages. sean saves the world and abc's the trail sunday night and said, the neighbor on abc. microsoft, google, facebook, the new quote the monster could be ready to kill and surf the internet. announcing the new system to track and harness user data. google's facebook working on schemes of their own. stake of the $150 a year online at business. cookies don't work well on mobile. cheryl: look all the tv shows, they really kind of stock now. dennis: is unfortunate because if you wait longer you might have some luck. cheryl: cookies don't forget
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cookies. tickets in the big problem, seattle like car rental companies, one gigantic check. dennis: president obama too out of touch? your answer to what is bugging me next but as we head to break let's look at today's winners over on the nasdaq, dow up 93.
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>> time for your west coast in. governor is from california, oregon and washington seige climate change pact they say will lead the way in global
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warming policy. paula committed to taking actions that will further solar and wind projects, governor brown calling it a historic powerful first step. in global warming and fighting. companies in seattle under fire for unpaid parking tickets. investigation biking 5 found rental car companies like hertz, alamo, budget national racked up a total of 2,162 in the parking tickets and a few months. that is 150 grand in unpaid parking tickets. a little piece of this right now. in southern california the maker of a hot sauce is in hot water for a foul smell near his factory. the city, and l a superior court, city officials say it is a public nuisance, presidents completion of burning eyes, aided roads and even a a 6. these are what you get when you put it on your food. that is your west coast minute.
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dennis: is president obama a good delegator or too out of touch? here is what you had to search. john says, back he can't walk the talk so he tasks surrogates to stumble the mumble and jim norris says he is either an media or delegated responsibility to idiots. john hollandsworth says out of touch not only in the white house but with the american people. cheryl: want to let you know twitter executives traveling the country meeting with business leaders trying to raise money for their ideas today there's a mandatory until in midtown. i will be with you in 30 minutes as their set to arrive. our cameras will be there. whether they find cameras or not, fox business will be on the ground as it begins. dennis: circled the bandwagon and home prices hotter than they
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have been since the days of the housing bubble. real-estate icon barbara corcoran up next on whether housing is still a good investment. cheryl: good mother or too big brother? as a man lori will introduce you to the man behind a gps tracking device that helps you monitor your children's every move. does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or when your company's bought another? is it over after you've given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. ido more with less with buss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance,
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investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. dennis: peter: lori: starting the u.s. economy, hyperinflation is the answer, gerald driscoll's on the number one risk to the economy at the fomc kicks off its meeting. neil: below street is the source of strength for stumbling economy. housing, barbara corcoran joins us as august home prices at their strongest annual gain in seven years. lori: the not so jolly holiday

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